Can you imagine what Hong Kong will look like 10 or 20 years from now? By that time, can we still rely on the four major industries currently accounting for nearly 60 percent of GDP – trading and logistics, tourism, financial services, and professional services – and continue to enjoy prosperity and stability with a per capita GDP still among the world’s top 20, higher than Germany, Canada or the United Kingdom? 繼續閱讀 →

Have you ever wondered why Hong Kong as an international financial center is unable to produce even one financial technology (fintech) “unicorn"? That is: a startup with a valuation of over $1 billion. Meanwhile, mainland China has 17 unicorns with a total valuation exceeding $111 billion, according to Hurun Greater China Unicorn Index released last month. Two international consultants, KPMG and McKinsey, also confirmed China’s leading position in the global fintech arena. 繼續閱讀 →

The Hurun Greater China Unicorn Index published last month by the Hurun Research Institute listed 120 “unicorn" startups with a valuation of at least US$1 billion (HK$7.8 billion) each, with a combined overall valuation exceeding three trillion yuan. 繼續閱讀 →

Chief Executive Carrie Lam Cheng Yuet-ngor will deliver her first policy address soon. The public have long expected that the new CE would use her maiden policy address to tackle major problems, one of which is to help inject new impetus into Hong Kong’s economy, and provide our young people with more opportunities for upward mobility. I think a smart city which emphasizes bottom-up participation, utilizing information and communications technology to improve our quality of employment and life is certainly the way forward. 繼續閱讀 →